Amazon Reportedly Planning To Launch Streaming Service

The online marketplace is looking to compete with Spotify, Tidal, and Apple Music.

Amazon may be the next company to pull into the streaming race, according a report from Reuters. According to sources, Amazon will be launching a competing service to Spotify, Apple Music, and Tidal, charging an identical $9.99 for a monthly subscription. The lanch is said to come somewhere between late summer and early fall.

The company is looking to tie the new streaming engine in with their successful Echo speaker, which responds to voice commands, and is currently used by customers looking to search Amazon's massive online catalogue. The Echo will likely play as Amazon's edge in the competitive streaming market.

David Pakman, who took part in Apple Music in its early stages, seems to think the Amazon service may pull certain users away from Apple's service, though Spotify will be relatively safe. “[Amazon] might take a little oxygen out of Apple’s potential pool of paying users,” he told Reuters.

Is Amazon set to become a major player in music streaming? Let us know what you think in the comments below.